FRANCE: Pernod Ricard sells Bisquit Cognac
Pernod said today (2 March) that the deal, which remains subject to regulatory approval, also includes distribution rights in France, Belgium, Switzerland and Luxembourg.
Pernod CEO Pierre Pringuet said last year that the drinks giant planned to dispose of up to EUR1bn-worth of "peripheral brands", following the firm's takeover of Sweden's Vin & Sprit.
The move gives Distell, which owns brands such as Amarula Cream and Savanna cider, a presence in Cognac for the first time. The group last month reported an 18% rise in net profit for the six months ended 31 December, to ZAR651m (US$63.5m). Net sales rose by 22% to reach RND6.1bn.
Pernod Ricard USA has today (11 August) launched its off-premise value added pack (VAP) line up for the company's core wine and spirit brands for the next season....
On Thursday (3 September), Pernod Ricard will announce its full-year results. Back in April, the drinks firm posted a dip in sales for the third quarter, with sales in the nine months to the end of Ma...
French wine and spirits exports slid 25% by value in the first half of 2009, trade body Fédération des Exportateurs de Vins et Spiritueux (FEVS) has said....
Corby Distilleries has reported a slip in full-year profits, but was buoyed in the fourth quarter by Absolut Vodka and lower advertising and promotion spend....
SPI Group has revamped the packaging of its Stolichnaya vodka brand, in an attempt to move away from the brands "Authenticity" message....
Pernod Ricard USA's Absolut vodka brand is to sponsor a series of charity music concerts at Madison Square Garden in remembrance of 11 September victims....
Tomorrow (25 August), Foster's Group will announce its full-year results. In February, the drinks group reported a slight lift in net profits for the six months to the end of December....
The top ten stories published on just-drinks this week:...
- The End of the Road for International Beer Brands?
- Comment - Another One Bites Bacardi's Dust
- Allegro: The shape of things to come at Pernod?
- Pernod Ricard's FY Performance by Region, Brand
- US craft vodka puts squeeze on Pernod's Absolut
- Mast-Jägermeister targets UK off-trade boost
- Pernod bemoans tough FY as sales, profits drop
- ASA bans Jägermeister TV ad
- Bacardi announces CFO switch
- SABMiller exec to become CFO at Beam Suntory